(Click the icon to view the activity cost rates.) The revenues, cost of goods sold, store support costs, activities that account for the store support costs, and activity-area usage of the three product lines are as follows: (Click the icon to view the information for the three product lines.) Data table Read the requirements. Requirement 1. Use the simple costing system to prepare a product-line profitability report for GS. (Round the percentages to the nearest hundredth percent, X.XX\%. of 30% of cost of goods sold. 1. Use the simple costing system to prepare a product-line profitability report for GS. 2. Use the ABC system to prepare a product-line profitability report for GS. 3. What new insights does the ABC system in requirement 2 provide to GS managers